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ZRXBTC , 0x would probably begin a new uptrend. !!0X/BITCOIN Technical analysis: 0x/Bitcoin is in a range bound and Beginning of up trend is expected. The price is above the 21-Day WEMA which acts as a dynamic support. The RSI is at 54. Trading suggestion: *The price is in a range bound, but we forecast the uptrend would begin. *There is possibility of temporary retracement to suggested support zone (0.00005580 to 0.00004730), if so , traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.00005580) Ending of entry zone (0.00004730) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Trough" , in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 0.00007320 TP2= @ 0.00008675 TP3= @ 0.00010600 TP4= @ 0.00013700 TP5= @ 0.00018970 TP6= Free
Long
by ForecastCity
ZRXUSD - SOMETHING WRONG WITH THE COUNT ... IMPORTANCE OF RSIHi, if the previous idea that is working really great for the trader, the chartist I also am was not satisfied because of the count. Can you spot the difference? - Equal leg area in an ongoing cycle tells us that count needs to continue to push until this area is reached (truncation at 61.8%-78.4% is also alright). - RSI divergence. I use this only to determine if a 5 legs is a motive 5 waves or a corrective structure (that most people identify wrongly and therefore want to see 5 waves everywhere and, digressing, the reason why I do not use WXY or ABC but 12345 because it is all the same for the patrons (traders) who want levels. ABC is a WXY with at least one leg extended (5-3-5 or 3-3-5 against 3-3-3 at the same degree). Based on this new count, the marginal new low made more sense and the next phase can now be presented. See the difference now? So, what level would you go long (or short)?
POLONIEX:ZRXUSDLong
by The_202_Quants
ZRXUSD 4H UPDATE - 24/03/2018Cycle ended on 19/03/2018 low at 0.35108044. Since then, ZRXUSD bounced in a 5 waves move (confirmed by RSI divergence), therefore I see an opportunity to go long after the correction of cycle from 22/03/2018 high is completed in a 3 waves sequence. First 3 waves down truncated at 61.8%-78.4% extension. From there bounced in 3 waves to fail below last high. Expect double correction lower if reached to buy 0.4485, Stop 0.3510, target 0.7390-0.8073 and open, stop below 0.3510.
POLONIEX:ZRXUSDLong
by The_202_Quants
ZRXBTC TRADE SETUPFollowing the article on correlation, I present ZRXBTC for a long trade and practical example of the importance of 18/03/2018. As we see, a cycle ended at 27/01/2018 high in a 5 waves up (RSI divergence in 4H and daily timeframe), so according to EW, this is calling for another 5 waves up. All cycles identified by vertical lines ends very precisely at 100% extension of the first leg of the cycle (all corrective in nature, despite the amplitude of each cycle), and at 0.00004819, we reached convergence of 3 major cycle ending and last one being truncated at 61.8%-78.4% which is quite common. On 19/03/2018, those cycles ended and the highest degree as shown here with RSI breaking up its downtrend line. So from here, I propose buying 0x token against BTC from this level and lower if reached with stop below the 19/03/2018 low and target 0.00226-0.000268
Long
by The_202_Quants
7
ZRXUSD 1h Trade Idea - 23/03/2018As per mentioned in previous idea, cycle ended on 19003/2018 low at 0.35108044. Since then, ZRXUSD bounced in a 5 waves move (confirmed by RSI divergence), therefore I see an opportunity to go long after the correction of cycle from 22/03/2018 high is completed in a 3 waves sequence. Stop will be below the 161.8% extension even though invalidation level is 0.351080, but if it extends, it can mean that we have a 5 waves down - calling for another 5 waves move after bounce - or that a double correction is developing.
POLONIEX:ZRXUSDLong
by The_202_Quants